In 2023, South Africa led the global export of rhodium unwrought or in powder form, with notable contributions from Germany, the United Kingdom, and the United States. However, year-on-year exports generally faced minor declines, except for Italy, Japan, and a few smaller markets like Switzerland and Poland which showed positive growth. The U.S. witnessed a decline of 2.44%, while Belgium experienced a decrease of 4.61%. Although some markets like Canada saw substantial growth, the overall trend across major exporters showed stability with slight negative variations.
Looking into the future, key trends to watch include potential shifts in global emissions regulations that may influence rhodium demand, especially in catalytic converters. The rise of electric vehicles could impact the traditional automotive market demand for rhodium, while geopolitical factors might affect supply stability, particularly from Russia and South Africa. Additionally, technological advancements in recycling could redefine export volumes and influence the global rhodium market.
Top countries in Export of Rhodium Unwrought or in Powder Form by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Africa | 836,320,000 | 2023 | +2.21% | -1.66% | View data |
| 2 | 2 Germany | 508,990,000 | 2023 | +4.1% | -0.25% | View data |
| 3 | 3 United Kingdom | 434,890,000 | 2023 | +1.25% | -1.95% | View data |
| 4 | 4 United States | 402,350,000 | 2023 | +1.71% | -2.44% | View data |
| 5 | 5 Belgium | 188,860,000 | 2023 | +0.29% | -4.61% | View data |
| 6 | 6 Italy | 164,950,000 | 2023 | +5.56% | +2.35% | View data |
| 7 | 7 Russia | 126,090,000 | 2023 | +1.92% | -0.72% | View data |
| 8 | 8 Japan | 16,076,000 | 2023 | -4.38% | +0.91% | View data |
| 9 | 9 Switzerland | 10,404,000 | 2023 | +0.73% | +10.67% | View data |
| 10 | 10 Norway | 10,115,000 | 2023 | +0.67% | -1.98% | View data |
